Another Preliminary Hint-Treasuries...

Treasuries such as TLT represents, are the flight to safety trade. With the 1 min charts I put out several posts ago, I thought I'd show the other side of the trade and where the money was flowing to as money was moving out of stocks earlier.

 TLT should trade the opposite of the market averages, as you can see the 1 min chart followed TLT higher just as it followed the market averages lower, but went negative at the same time the averages went somewhat positive.

The next timeframe, 2 min looks even more dramatic. If money keeps flowing out of the flight to safety trade and in to the risk on trade, we may have a better understanding of the short term direction of the market over the next day or so.

The Euro remains the most important piece to the puzzle thus far, it is close to the downtrend line, it needs to break above it.